PROMISSORY NOTE

FOR VALUE RECEIVED, the undersigned Maker ROYLAN P. MAGTIBAY,

promises to pay to the order of CENTRAL AFFIRMATIVE CO., INC., thru its
CEO/PRESIDENT JOSELITO S. CRUZ (hereinafter referred to as "Payee";
Payee together with any subsequent holder hereof or any interest herein being
hereinafter referred to as "Holder") at 1770-1774 Instruccion St cor. NS
Amoranto Avenue, Sampaloc Manila, or at such place as the Holder may from
time to time designate in writing, without grace, except as may be otherwise
expressly provided for herein, the principal sum of FIFTY THOUSAND PESOS
(Php 50,000.00), being issued in a form of check (Annex “A”), together with
interest from the date hereof at a rate of (.7 p)% per month, of the principal
balance from time to time outstanding in accordance with the following
provisions:

(a) the undersigned shall pay to Holder (Number of Months) equal installments
of ________________ (Php____________), including principal and accrued interest
on the principal balance. The entire outstanding principal balance shall be due
and payable in full on or before ___________________. Any default or delay in the
payment of any installment shall bear a penalty interest of an additional rate of
(1.5%) per month.

(c) The Maker shall have the right at any time or from time to time to pay all or
a portion of the principal, subject to original interest agreed upon.

(d) Should suit be brought to recover on this Note, or should the same be
placed in the hands of an attorney for collection, Maker promises to pay Holder
attorney fees equal to Twenty percent (20%) of the outstanding amount and
costs incurred in connection therewith. This Note shall be governed and
construed accordance with the laws of the Philippines. Any dispute arising out
in connection with this Agreement, including any questions of its existence,
validity and termination, shall be referred to, and finally resolved by litigation
in the proper courts sitting in the City of Manila, to the exclusion of all other
courts.

(e) Failure of Holder to exercise any option hereunder shall not constitute a
waiver of the right to exercise the same in the event of any subsequent default
or in the event of the continuance of any existing default after demand for
strict performance hereof.

(f) Maker hereby waives demand, diligence, presentment for payment, protest
or notice of demand and exercise of any option hereunder. Maker or each
individual and entity signing this note, whether or not as a Maker, agree that
the granting of any extension or extensions of time for payment of any sum or
sums due hereunder, or under any other instrument securing this note, or for
the performance of any covenant, condition or agreement hereof or thereof or
the release of other or additional security shall in no way release or discharge
the liability the Maker or any signor or any guarantor hereof.

(g) Time is of the essence of this note and each and every term and provision
herein is intended to insure the prompt payment of the obligation.
(h) Maker hereby authorize the repayments from his/her salary and, in the
event of termination of employment for whatever reason, the recovery of any
outstanding balance from any monies due to him/her.

IN WITNESS WHEREOF, the parties have caused these presents to be

signed on __ day of _____________ 2017 at Manila City.

ROYLAN P. MAGTIBAY JOSELITO S. CRUZ

Maker/Borrower Payee

SIGNED IN THE PRESENCE OF:

_______________________ ___________________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES )

QUEZON CITY ) S S.

In ___________, Philippines, this ___ day of ________, 2017, personally

appeared before me the following persons with their respective competent
proofs of identity, to wit:

Name IDENTIFICATION NO. Date & Place of Issue

ROYLAN P. MAGTIBAY
JOSELITO S. CRUZ

all known to me and to me known to be same persons who executed the

foregoing Agreement consisting of THREE (3) pages including this page and
acknowledged to me that the same is their free and voluntary act and deed and
that of the corporations herein represented.

WITNESS MY HAND AND SEAL, on this____day of________, 2017 at

_________________City.

Doc. No.
Page No.
Book No.
Series of 2017.